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Politics : Welcome to Slider's Dugout

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To: roguedolphin who wrote (2291)	9/6/2006 2:02:32 PM
From: SargeK	of 50739

roguedolphin >>>And, thirdly, according to the Fed's own figures, "the total amount of residential housing wealth in the US just about doubled between 1999 and 2006"up from $10.4 trillion to $20.4 trillion". Times Online.<<< The question is what is increasing faster, wealth, debt or government promises? These facts may provide a partial answer: Since 2000, federal fiscal exposures (explicit and implicit debt) reported by the GAO have increased $26 trillion, averaging $5 trillion, annually. During the five-year period (2001 – 2005), the IRS reported total internal revenue collections of $10.39 trillion, averaging $2 trillion, annually. By this measure, federal fiscal exposures are increasing at 2 ½ times the amounts of tax collections. There is no rational explanation for this absurdity. The only certainty is that it cannot continue. This link may provide a partial solution: debtism.com or this one debtism.com The debtism website is all about things you really don't want to know; but it is my nature to say a lot about that which I know little to those who may know even less. >g< ciao` SargeK

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